Goods and Services Tax (GST) is the biggest tax reform in India, subsuming most of the prevalent indirect taxes prevailing at that time and thus removing the cascading effect. The Act came into effect on July 1, 2017. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Every product goes through multiple stages along the supply chain, which includes manufacturer, distributor, wholesaler, retailer and the final consumer. Our team support small and growing organizations to get GST registration and comply with the statutory obligations
Registration/Amendment/Cancellation
Under the GST regime, all entities are required to obtain the GST registration except in few cases if their turnover crosses the minimum threshold turnover prescribed under the Act. An entity can opt for registration as normal taxpayer, composition, casual taxable person, non-resident taxable person and Input Service Distributor.
Payroll Management
Our friendly and cost-efficient payroll processing services for businesses helps in preparation of monthly payroll based on the inputs received from organization. We ensure that statutory and other relevant deductions are being made for compliances from time to time. We also support organizations in checking Form 16 for the Employees and file quarterly returns for e-TDS with Income Tax authorities. We help organizations in reconciling payments/statutory deductions etc. with books of accounts on quarterly basis and also deposit TDS & provide proof of deposit to business owners respectively.
Preparation of Financial Statements
At Spurto, we will help the management in preparation of the annual financial statements of the organization in adherence to the applicable accounting standards. Our team provides its services in a flexible manner so that we can easily adapt to our client’s needs. Business owners can have all their financial documentation (balance sheet, cash flow report, etc.) prepared accurately and on time.
With these services, business owners not only have peace of mind but also gives them room to concentrate on primary business activities – expanding and managing business effectively. Regardless of the size of organization, our experienced in-house accountants can comprehend your requirements and provide exactly what you need so that you can focus on more pressing matters.